JPMorgan combines euro and USD reimbursement processing

JPMorgan combines euro and USD reimbursement processing

JPMorgan Treasury Services has implemented a combined bank-to-bank euro and USD reimbursement processing system at its UK operations centre in Bournemouth.

The system integrates euro and US dollar reimbursement processing on the same platform and provides automated discrepancy tracing, data mapping, debit and credit advising and pre-debit notification messaging.

In addition, the application interfaces with JPMorgan's Trade Information Exchange (Tie), a browser-based retrieval system that allows financial institution customers to perform enquiries, download reports and track the status of their trade products.

Paul Simpson, global head of trade services at the firm, says: "This new system is a key component of JPMorgan Treasury Services' growth strategy and provides a dynamic platform to further integrate trade and cash management product capabilities, as well as deliver vital information to clients."

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